Financial Margin

How to Budget Using the 50/30/20 Rule


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This rule takes the 80/20 rule to the next level to track additional categories. This ensures that you are living within your means while ensuring that you are saving a minimum of 20% to pay yourself first. Beyond this, the two rules differ but this is a ‘better’ approach and should be applied if you have successfully tracked your budget based on the 80/20 rule or have budgeted otherwise and are ready for a few additional parameters to follow.
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Financial MarginBy Jared Humphries

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